This is a very common mistake when it comes to small caps.
Just remember that all these small cap names we trade are SHORT TERM trades.
Could last a day or a couple of hours or even minutes.
If you wanted to look at companies that are already making money, you can just go directly to $MSFT & $NVDA.
But because of how huge they are, you will not get the same % return as you would with stocks like $STI.
Fundamentals do not dictate price action in the short term. And that’s why day trading is about, short term price action.
The only thing that affects short term price action are;
1. Volume
2. Hype
3. Structure
That’s all you need to be efficient and effective. 💯
$SATL tras dejar muy fea vela la semana anterior el valor, junto al sector, se dispone a corregir.
Todo dentro de lo normal y lógico, pues una subida sin retrocesos es anormal.
A mi parecer al sector le queda mucha mecha, corregir antes de la salida de Space X me parece positivo, pues si quisiesen distribuir a saco aprovecharían la euforia.
Clave no perder los 8$.
$ASTC
Let's get a timeline update here;
> Yesterday, I gave you guys CLEAR guidance here with levels to look for at $7.00.
> Told you guys over $8.00 is where we defy all logic.
> Today, I told the team to accumulate all the dips and aim for $23-25.
> Price hit $26.00 highs this morning.
What a beautiful 270% move for us if you've been following my guidance. 🔥
Offering risk still stands but the beautiful thing about being early is you have the buffer to ride it out.
I got stops set at entry for rest now, aiming for $30-50 on my runners. 🚀